Aehr Test Systems: Fiscal 2025 First Quarter Results and Full-Year Guidance

Aehr Test Systems (NASDAQ: AEHR), a leading provider of semiconductor test and burn-in equipment, recently announced its fiscal 2025 first quarter financial results and reaffirmed its full-year guidance. The company's strong performance in the quarter reflects its continued growth and expansion in the semiconductor industry.

In the first quarter of fiscal 2025, Aehr Test Systems reported net revenue of $18.5 million, a 12% increase compared to the fourth quarter of fiscal 2024. The company's earnings per share (EPS) also grew, with GAAP EPS of $0.88 and non-GAAP EPS of $0.92, compared to GAAP EPS of $0.81 and non-GAAP EPS of $0.84 in the fourth quarter of fiscal 2024. Bookings in the quarter were $5.5 million, up from $4.0 million in the fourth quarter of fiscal 2024.

Aehr's backlog and cash position have also improved. As of May 31, 2024, the company's backlog was $7.3 million, and its total cash and cash equivalents were $49.2 million. The company's effective backlog, which includes all orders received since the end of the fourth quarter, is now $20.8 million.

The silicon carbide market continues to be a significant driver of Aehr's revenue and growth prospects. The company received $12.7 million in orders from a silicon carbide test and burn-in customer for FOX WaferPak™ full wafer Contactors to support production of silicon carbide power devices for electric vehicles. Aehr also expects to receive first orders from a significant number of additional silicon carbide customers by the end of fiscal 2025.

In addition to the silicon carbide market, Aehr is exploring new opportunities in the artificial intelligence (AI) processor test and burn-in market. The company is currently working with an AI accelerator company to evaluate its FOX solution for use in production wafer level burn-in of high-power processors.

Aehr Test Systems' full-year guidance for fiscal 2025 reflects the company's expectations for continued growth and expansion. The company expects net revenue to be in the range of $70.0 million to $75.0 million, with non-GAAP EPS in the range of $3.50 to $3.80. Aehr's strong first quarter results and positive outlook indicate that the company is well-positioned to achieve its full-year guidance and continue its growth trajectory in the semiconductor industry.